Live Metal Prices / oz
Gold:
1755.09 USD
Silver:
21.41 USD
Platinum:
987.50 USD
Palladium:
1849.00 USD
Rhodium:
13400.04 USD

Investing in PGMs: Platinum, Palladium, and Rhodium

Platinum, palladium, and rhodium are all known as platinum group metals, and they have similar attributes and versatile applications as industrial metals. Each is a rare and unique precious metal that offers prodigious prospects in technological innovation.

Investors that want to buy platinum coins or bars should also consider investing in palladium and rhodium as well.  

How Lucrative Is Platinum As An Investment?

Platinum is an industrial metal with a recent, growing interest from bullion investors. It is used extensively in the automotive industry. Platinum is primarily used in catalytic converters which help to reduce harmful automobile emissions. 

Platinum is also crucial to the aerospace and defense industries. The white metal is used inside aerospace jet engines because it is able to withstand extreme temperatures and is not corrosive.

Finally, platinum is also used widely in medical equipment. As the precious metal is biocompatible and conductive, it helps to conduct electricity. 

Platinum's demand across a wide range of industries, coupled with its scarcity, makes this metal an excellent investment option. 

What Makes Palladium So Valuable?

Like platinum, Russia and South Africa are the world's major suppliers of palladium. Although palladium is similar to platinum when it comes to its chemical properties, it is even rarer. Palladium is mined primarily as a byproduct of nickel.  Palladium's primary application is in the creation of catalytic converters for the automotive sector. Palladium is critical in cleansing toxins from car emissions.

Like platinum, palladium is recognized for its investability. This is due to its high demand in the automotive sector, coupled with its scarcity. Over the last several years, and particularly with increased awareness and laws regarding vehicle emissions, the palladium price has increased considerably. Recently palladium has proven to be the most profitable investment of all the precious metals.

Why Invest in Rhodium?

Of the platinum group metals, rhodium is by far the rarest, and this is because of its highly limited supply. Almost all rhodium worldwide is mined in South Africa, Russia, and Canada. As there are very few producers of rhodium, its price tends to surge, especially in times of high demand.

Almost all rhodium presently available is used by the automotive industry, particularly for electric cars. While our world is gearing up for a new revolution of carbon-free, environment-friendly transportation, rhodium usage in electric vehicles will continue to witness a rise in demand in the future. 

Aside from its automotive applications, rhodium can be found in manufacturing, chemicals, oxo-alcohol, fertilizers, explosives, and nitric acid. 

Bottom Line

Investors building a precious metals portfolio should not ignore the potential value of adding platinum group metals to their portfolio. The constantly increasing demand of these metals coupled with their scarcity can only mean that their prices will continue to appreciate. 

SwissBullion.eu sells a complete range of platinum, palladium and rhodium bars and coins, including the full PAMP Fortuna range. For further questions, please don't hesitate to contact us.